Understanding Home Inspections

What is a home inspection?

A home inspection is used to evaluate the structural and overall condition of the property. This is not the same thing as an appraisal, which evaluates the actual market value of the property. Individuals like home buyers, sellers, loan officers, real estate agents, etc. require unbiased, accurate information about the physical condition of the property they are dealing with, and usually include a contingency in the contract to obtain a satisfactory inspection report.